Community

The UK will remain a member of the EU until at least March 2019 (assuming that the UK does indeed evoke Article 50 by March 2017, as indicated recently by the prime minister). Thus ít must comply with EU regulations, directives and laws until March 2019. This means that both the EU General Data Protection Regulation and the 4AMLD will have to be complied with. If and how the UK will adopt, amend or abolish EU regulation after March 2019, depends on the outcome of the "Great Repeal Act" which was also recently announced by the prime minister. However, no details have been provided yet.

Abolishing cash and introducing a cryptocurrency may be in the interest of the Bank of England. But where is the benefit for the consumer?